Main Street Home Builders Act of 2025

HR 6328, the Main Street Home Builders Act of 2025, creates a pilot program (the "505 Pilot Program") allowing the Small Business Administration to provide loans to small housing businesses for building or managing rental properties. The bill removes standard SBA loan requirements like job creation targets and restrictions on leasing, specifically for projects constructing or renovating build-to-rent multifamily housing (housing built solely for renting). It sets annual funding limits of $1 billion for 2026, $2 billion for 2027, and $3 billion each year from 2028-2030, with the program ending after five years. This directly affects small housing developers/managers who build or renovate rental units, requiring them to create at least one new rental unit per project.